If you want to invest in credit card debt, you must be very careful to avoid losing your money. Despite the fact that this type of investment is popular with some investors, the reality is that you need to understand the risks and rewards of investing in this type of debt. A high interest rate is the biggest threat to your financial health, so you should focus on paying down the debt with the highest interest rate first.
Some companies offer a match for employees who contribute to a retirement account dollar-for-dollar up to a certain percentage of their gross pay. If you make a contribution of a specific percentage of your pay, your company will match that dollar for dollar, giving you a 100% return on your investment. By contrast, investing in credit card debt is not likely to yield a higher rate of return, so it is a bad idea to invest while you are paying off your debt.